Crude oil prices are affecting demand for the commodity negatively, the International Energy Agency’s head Fatih Birol told S&P Global Platts in an interview . “The higher oil price environment may, if they stay around this level, also have an impact…put some downward pressure under demand growth,” Birol said. The warning follows the release of IEA’s latest Oil Market Report , in which the authority kept its oil demand growth projections for this year unchanged at 1.4 million bpd. The agency’s boss noted that Brent over US$70 a barrel is affecting demand the most in the emerging markets that account for the most of demand growth, including China and India, but also the United States. “So it will not be a surprise if we are to revise our demand numbers in the next edition of the oil market report if the prices remain at these levels,” he told S&P […]